NASDAQ:MRVL

Marvell Technology - MRVL Stock Forecast, Price & News

$42.91

+0.04 (+0.09%)

(As of 09/30/2022 12:00 AM ET)

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Today's Range: $42.28
▼
$44.85
50-Day Range: $42.61
▼
$58.22
52-Week Range: $41.07
▼
$93.85

Volume: 11.12 million shs
Average Volume: 9.54 million shs
Market Capitalization: $36.59 billion

P/E Ratio: N/A
Dividend Yield: 0.56%
Price Target: $80.14

Marvell Technology MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.88 Rating Score
Upside/Downside: 86.8% Upside
$80.14 Price Target
Short Interest: Healthy
2.11% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -0.96
Upright™ Environmental Score
News Sentiment: 0.31
Based on 13 Articles This Week
Insider Trading: Selling Shares
$1.28 M Sold Last Quarter
Proj. Earnings Growth: 27.95%
From $1.61 to $2.06 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.82 out of 5 stars

Business Services Sector

39th out of 336 stocks

Semiconductors & Related Devices Industry

19th out of 97 stocks

4.4

Analyst's Opinion

Consensus Rating
Marvell Technology has received a consensus rating of Buy. The company's average rating score is 2.88, and is based on 28 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $80.14, Marvell Technology has a forecasted upside of 86.8% from its current price of $42.91.
Amount of Analyst Coverage
Marvell Technology has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
2.11% of the outstanding shares of Marvell Technology have been sold short.
Short Interest Ratio / Days to Cover
Marvell Technology has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Marvell Technology has recently increased by 7.04%, indicating that investor sentiment is decreasing significantly.

0.8

Dividend Strength

Dividend Yield
Marvell Technology has a dividend yield of 0.56%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Marvell Technology does not have a long track record of dividend growth.
Dividend Sustainability
Based on earnings estimates, Marvell Technology will have a dividend payout ratio of 11.65% next year. This indicates that Marvell Technology will be able to sustain or increase its dividend.

3.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Marvell Technology has received a 27.55% net impact score from Upright. Marvell Technology seems to create the most significant positive value in categories "Taxes", "Knowledge infrastructure", and "Jobs". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Network interface controllers", "Coaxial cables", and "System on a chip" products. See details.
Environmental Sustainability
The Environmental Impact score for Marvell Technology is -0.96.

1.8

News and Social Media Coverage

News Sentiment
Marvell Technology has a news sentiment score of 0.31. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.52 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 13 news articles for Marvell Technology this week, compared to 6 articles on an average week.
Search Interest
Only 79 people have searched for MRVL on MarketBeat in the last 30 days. This is a decrease of -37% compared to the previous 30 days.
MarketBeat Follows
Only 25 people have added Marvell Technology to their MarketBeat watchlist in the last 30 days. This is a decrease of -82% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Marvell Technology insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,279,020.00 in company stock.
Percentage Held by Insiders
Only 0.45% of the stock of Marvell Technology is held by insiders.
Percentage Held by Institutions
80.95% of the stock of Marvell Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Marvell Technology are expected to grow by 27.95% in the coming year, from $1.61 to $2.06 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Marvell Technology is -165.04, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Marvell Technology is -165.04, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Marvell Technology has a PEG Ratio of 1.74. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Marvell Technology has a P/B Ratio of 2.36. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Marvell Technology (NASDAQ:MRVL) Stock

Marvell Technology, Inc., together with its subsidiaries, designs, develops, and sells analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers a portfolio of Ethernet solutions, including controllers, network adapters, physical transceivers, and switches; single or multiple core processors; ASIC; and printer System-on-a-Chip products and application processors. The company also provides a range of storage products comprising storage controllers for hard disk drives (HDD) and solid-state drives that support various host system interfaces consisting of serial attached SCSI (SAS), serial advanced technology attachment (SATA), peripheral component interconnect express, non-volatile memory express (NVMe), and NVMe over fabrics; and fiber channel products, including host bus adapters, and controllers for server and storage system connectivity. It has operations in the United States, China, Malaysia, the Philippines, Thailand, Singapore, India, Israel, Japan, South Korea, Taiwan, and Vietnam. Marvell Technology, Inc. was incorporated in 1995 and is headquartered in Wilmington, Delaware.

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MRVL Stock News Headlines

October 2, 2022 | finance.yahoo.com

With 83% ownership of the shares, Marvell Technology, Inc. (NASDAQ:MRVL) is heavily dominated by institutional owners

October 2, 2022 | americanbankingnews.com

Stifel Nicolaus Cuts Marvell Technology (NASDAQ:MRVL) Price Target to $70.00

October 2, 2022 | Vantage Point (Ad)

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October 2, 2022 | americanbankingnews.com

Marvell Technology (NASDAQ:MRVL) Price Target Cut to $70.00

September 30, 2022 | finance.yahoo.com

Marvell Is the ‘Relative Winner’ in Rough Market for Chip Stocks

September 29, 2022 | msn.com

Marvell Tech Whale Trades Spotted

September 29, 2022 | markets.businessinsider.com

What 10 Analyst Ratings Have To Say About Marvell Tech

September 29, 2022 | seekingalpha.com

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September 28, 2022 | seekingalpha.com

Marvell: Bull Run After The Market Recovers From Fed's Hangover

September 25, 2022 | americanbankingnews.com

Marvell Technology, Inc. (MRVL) to Issue Quarterly Dividend of $0.06 on October 26th

September 24, 2022 | msn.com

Marvell Tech Whale Trades For September 23

September 22, 2022 | seekingalpha.com

Marvell: Down 50% From Its Highs - Don't Miss Buying This Pullback

September 21, 2022 | cnbc.com

Marvell CEO tells Jim Cramer: We're doing much better than our stock price suggests

September 21, 2022 | finance.yahoo.com

2 Chip Stocks That Can Outperform a Slowing Market, Says J.P. Morgan

September 16, 2022 | finance.yahoo.com

Marvell to Showcase Cloud-Optimized Optical Connectivity Solutions at ECOC 2022

September 13, 2022 | 247wallst.com

BNP Paribas Sifts Through 6 Tech Stocks, Names a Top Pick and an Underperformer

September 11, 2022 | finance.yahoo.com

As Marvell Technology, Inc. (NASDAQ:MRVL) hits US$42b market cap, insiders may be dismayed about not purchasing higher quantities

September 9, 2022 | nasdaq.com

Marvell Technology, Inc. (NASDAQ:MRVL) insiders made a handsome profit after selling stock presently valued at US$48.15 apiece for US$62.69

September 8, 2022 | nasdaq.com

October 28th Options Now Available For Marvell Technology

September 1, 2022 | finance.yahoo.com

Are Options Traders Betting on a Big Move in Marvell (MRVL) Stock?

August 31, 2022 | nasdaq.com

MRVL December 2023 Options Begin Trading

August 31, 2022 | finance.yahoo.com

10 Best Dividend Stocks Under $50 According to Hedge Funds

August 26, 2022 | realmoney.thestreet.com

Marvell Is Nothing to Marvel At Right Now

August 26, 2022 | finance.yahoo.com

Marvell Stock Slides on Soft Sales Forecast

August 26, 2022 | finance.yahoo.com

Marvell stock dives on softer sales forecast

August 26, 2022 | investing.com

Marvell Shares Slip on In-line Results, 'Disappointing' Guidance

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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MRVL Company Calendar

Ex-Dividend for 7/27 Dividend: 7/07/2022
Dividend Payable: 7/27/2022
Last Earnings: 8/25/2022
Today: 10/02/2022
Ex-Dividend for 10/26 Dividend: 10/06/2022
Dividend Payable: 10/26/2022
Next Earnings (Estimated): 12/01/2022
Fiscal Year End: 1/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Semiconductors & related devices
Sub-Industry: Semiconductors
Sector: Business Services
Current Symbol: NASDAQ:MRVL
CUSIP: G5876H10
CIK: 1058057
Web: www.marvell.com
Phone: (302) 295-4840
Fax: 441-295-3328
Employees: 6,729
Year Founded: 1995

Price Target and Rating

Average Stock Price Forecast: $80.14
High Stock Price Forecast: $125.00
Low Stock Price Forecast: $58.00
Forecasted Upside/Downside: +86.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.88
Research Coverage: 32 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.26)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 26.65
P/E Growth: 1.74
Net Income: $-421,030,000.00
Net Margins: -3.95%
Pretax Margin: -0.41%
Return on Equity: 7.94%
Return on Assets: 5.61%

Debt

Debt-to-Equity Ratio: 0.25
Current Ratio: 1.35
Quick Ratio: 0.93

Sales & Book Value

Annual Sales: $4.46 billion
Price / Sales: 8.20
Cash Flow: $2.71 per share
Price / Cash Flow: 15.82
Book Value: $18.22 per share
Price / Book: 2.36

Miscellaneous

Outstanding Shares: 852,600,000
Free Float: 848,763,000
Market Cap: $36.59 billion
Optionable: Optionable
Beta: 1.51

Social Links

Key Executives

Mr. Matthew J. Murphy (Age 49)
Pres, CEO & Director
Comp: $3.55M

Ms. Jean X. Hu (Age 59)
Chief Financial Officer
Comp: $1.56M

Mr. Raghib Hussain (Age 50)
Pres of Products & Technologies
Comp: $1.58M

Mr. Mitchell Lee Gaynor (Age 62)
Exec. VP, Chief Admin. & Legal Officer and Sec.
Comp: $1.32M

Mr. Daniel W. Christman (Age 50)
Exec. VP of Storage Products Group
Comp: $1.2M

Dr. Sehat Sutardja Ph.D. (Age 60)
Co-Founder

Ms. Weili Dai (Age 60)
Co-Founder

Mr. Christopher Koopmans (Age 45)
Chief Operations Officer

Mr. Willem A. Meintjes (Age 42)
Chief Accounting Officer

Mr. Mark J. Casper Esq.
Sr. VP & Gen. Counsel

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MRVL Stock - Frequently Asked Questions

Should I buy or sell Marvell Technology stock right now?: 32 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology in the last twelve months. There are currently 4 hold ratings and 28 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MRVL shares.
View MRVL analyst ratings or view top-rated stocks.
What is Marvell Technology's stock price forecast for 2022?: 32 Wall Street analysts have issued 1 year price targets for Marvell Technology's shares. Their MRVL share price forecasts range from $58.00 to $125.00. On average, they expect the company's share price to reach $80.14 in the next twelve months. This suggests a possible upside of 86.8% from the stock's current price.
View analysts price targets for MRVL or view top-rated stocks among Wall Street analysts.
How have MRVL shares performed in 2022?: Marvell Technology's stock was trading at $87.49 on January 1st, 2022. Since then, MRVL stock has decreased by 51.0% and is now trading at $42.91.
View the best growth stocks for 2022 here.
When is Marvell Technology's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, December 1st 2022.
View our MRVL earnings forecast.
How were Marvell Technology's earnings last quarter?: Marvell Technology, Inc. (NASDAQ:MRVL) issued its quarterly earnings data on Thursday, August, 25th. The semiconductor company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.56 by $0.01. The semiconductor company had revenue of $1.52 billion for the quarter, compared to analysts' expectations of $1.52 billion. Marvell Technology had a positive trailing twelve-month return on equity of 7.94% and a negative net margin of 3.95%. The firm's revenue for the quarter was up 41.0% compared to the same quarter last year. During the same period last year, the firm earned $0.21 EPS.
How often does Marvell Technology pay dividends? What is the dividend yield for Marvell Technology?: Marvell Technology announced a quarterly dividend on Friday, September 23rd. Shareholders of record on Friday, October 7th will be paid a dividend of $0.06 per share on Wednesday, October 26th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Thursday, October 6th.
Read our dividend analysis for MRVL.
Is Marvell Technology a good dividend stock?: Marvell Technology (NASDAQ:MRVL) pays an annual dividend of $0.24 per share and currently has a dividend yield of 0.56%.
Read our dividend analysis for MRVL.
What guidance has Marvell Technology issued on next quarter's earnings?: Marvell Technology issued an update on its third quarter 2023 earnings guidance on Tuesday, September, 20th. The company provided EPS guidance of $0.56-$0.62 for the period, compared to the consensus estimate of $0.60. The company issued revenue guidance of $1.51 billion-$1.61 billion, compared to the consensus revenue estimate of $1.58 billion.

What is Matt Murphy's approval rating as Marvell Technology's CEO?: 247 employees have rated Marvell Technology Chief Executive Officer Matt Murphy on Glassdoor.com. Matt Murphy has an approval rating of 89% among the company's employees.
What other stocks do shareholders of Marvell Technology own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Marvell Technology investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Micron Technology (MU), QUALCOMM (QCOM), Alibaba Group (BABA), Intel (INTC), Salesforce (CRM), Walt Disney (DIS), Cisco Systems (CSCO) and Block (SQ).
What is Marvell Technology's stock symbol?: Marvell Technology trades on the NASDAQ under the ticker symbol "MRVL."
How do I buy shares of Marvell Technology?: Shares of MRVL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Marvell Technology's stock price today?: One share of MRVL stock can currently be purchased for approximately $42.91.
How much money does Marvell Technology make?: Marvell Technology (NASDAQ:MRVL) has a market capitalization of $36.59 billion and generates $4.46 billion in revenue each year. The semiconductor company earns $-421,030,000.00 in net income (profit) each year or ($0.26) on an earnings per share basis.
How many employees does Marvell Technology have?: The company employs 6,729 workers across the globe.
Does Marvell Technology have any subsidiaries?: The following companies are subsidiares of Marvell Technology: Aquantia, Aquantia (Cayman) Ltd., Aquantia B.V., Aquantia C.V., Aquantia Corp., Aquantia Czech s.r.o , Aquantia Japan G.K., Aquantia LLC, Aquantia Rus LLC, Aquantia Semiconductor India Pvt Ltd, Aquantia Technology B.V., Avago - Printer ASICs, Avera, Avera Semiconductor LLC, Cavium, Cavium India Holdings LLC, Cavium International, Cavium LLC, Cavium Networks (India) Private Limited, Cavium Networks Asia, Cavium Networks International, Cavium Networks International Inc., Cavium Networks LLC, Cavium Networks Singapore Pte. Ltd., Cavium Semiconductor Technology (Shanghai) Co. Ltd., Cavium Taiwan Ltd., Cavium UK Ltd., Diseño de Sistemas en Silicio, Galileo Technology, Iamba Networks, Inphi, Kinoma Inc., Marvell Asia Pte Ltd, Marvell Hong Kong Limited, Marvell India Private Limited, Marvell International Ltd., Marvell International Technology Ltd., Marvell Israel (M.I.S.L) Ltd., Marvell Italia S.r.l., Marvell Japan K.K., Marvell Netherlands B.V., Marvell Semiconductor Canada Inc., Marvell Semiconductor Germany GmbH, Marvell Semiconductor Inc., Marvell Semiconductor Korea Ltd., Marvell Semiconductor Ltd., Marvell Semiconductor Sdn. Bhd., Marvell Semiconductor Technology S.a.r.l., Marvell Software Solutions Israel, Marvell Switzerland S.a.r.l., Marvell Taiwan Ltd., Marvell Technology (Beijing) Ltd., Marvell Technology (Chengdu) Ltd., Marvell Technology (Nanjing) Ltd., Marvell Technology (Shanghai) Ltd., Marvell Technology Denmark ApS, Marvell Technology Inc., Marvell Technology Japan Y.K., Marvell Technology Sweden AB, Marvell Technology Vietnam LLC, Marvell UK Limited, Marvell World Trade Ltd., NetXen Inc., PT. Marvell Technology Indonesia, PicoMobile Networks, QLGC Limited (Ireland), QLogic Hong Kong Ltd., QLogic India Pvt. Ltd., QLogic International Holdings Inc., QLogic International Ltd., QLogic LLC, QLogic Storage Network Infrastructure (Beijing) Co. Ltd., QLogic Switch Products LLC, SysKonnect, Utopia Capital Holdings Ltd., and Xelerated.
Read More
How can I contact Marvell Technology?: Marvell Technology's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The official website for the company is www.marvell.com. The semiconductor company can be reached via phone at (302) 295-4840, via email at ir@marvell.com, or via fax at 441-295-3328.

This page (NASDAQ:MRVL) was last updated on 10/2/2022 by MarketBeat.com Staff

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Marvell Technology - MRVL Stock Forecast, Price & News

Marvell Technology MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows